Clearing Services. 4.2 The T3CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T3IB. 4.3 The T3CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T3IB's Clients' accounts and principal business. However, the T3CB reserves the right, in its sole discretion, and on advice to the T3IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements. In the event of any such refusal with respect to a trade for the T3IB's principal business or Client accounts, the T3IB may place such trade with another securities dealer that meets applicable SRO Requirements.
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Samples: Introducer/Carrier Broker Agreement, Introducer/Carrier Broker Agreement
Clearing Services. 4.2 The T3CB T4CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T3IBT4IB.
4.3 The T3CB T4CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T3IBT4IB's Clients' accounts and principal business. However, the T3CB T4CB reserves the right, in its sole discretion, and on advice to the T3IBT4IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements. In the event of any such refusal with respect to a trade for the T3IBT4IB's principal business or Client accounts, the T3IB T4IB may place such trade with another securities dealer that meets applicable SRO Requirements.
Appears in 2 contracts
Samples: Introducer/Carrier Broker Agreement, Introducer/Carrier Broker Agreement
Clearing Services. 4.2 The T3CB T2CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T3IBT2IB.
4.3 The T3CB T2CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T3IBT2IB's Clients' accounts and principal business. However, the T3CB T2CB reserves the right, in its sole discretion, and on advice to the T3IBT2IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements. In the event of any such refusal with respect to a trade for the T3IBT2IB's principal business or Client accounts, the T3IB T2IB may place such trade with another securities dealer that meets applicable SRO Requirements.
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Samples: Uniform Type 2 Introducer/Carrier Broker Agreement, Introducer/Carrier Broker Agreement
Clearing Services. ββ
4.2 The T3CB T2CB shall make deliveries and settlements of cash and securities in connection with trades made for Clients and for the T3IBT2IB.
4.3 The T3CB T2CB shall use its reasonable best efforts to clear all trades effected on the exchanges and markets set out in Schedule "C" hereto in respect of the T3IBT2IB's Clients' accounts and principal business. However, the T3CB T2CB reserves the right, in its sole discretion, and on advice to the T3IBT2IB, to refuse to open or clear any account or any order, and to liquidate and close any account if in its opinion such account or order represents an unreasonable credit risk or could give rise to a breach of applicable law or SRO Requirements. In the event of any such refusal with respect to a trade for the T3IBT2IB's principal business or Client accounts, the T3IB T2IB may place such trade with another securities dealer that meets applicable SRO Requirements.
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